SEC
Whistleblower
Advocates

June 03, 2015

Mark F. Spangler, The Spangler Group, Inc.

Financial Fraud

SANCTION AMOUNT: $4,078,595

Defendants: The Spangler Group, Inc.
Mark F. Spangler

Former investment advisor and his advisory firm charged with defrauding investment clients by secretly investing their money in two risky start-up companies that defendant co-founded. Approximately $47.7 million of client money was allegedly funnelled into these private ventures, which were inconsistent with promised investment strategies and investors' objectives. The diversion was concealed for years.

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